Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: SunX against BloFin−0.218%55s7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1431.428% of the position
Funding, last 7 days−0.194%−$19 on $10k
+Price spread, last 3 days (all we have)+0.342%+$34 · spread now −0.218%, 7d avg +0.027%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.245% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.027%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XLM-USDT | 0.2159 | 0.0220 | pay 0.0220% / 8h | 25m 18s | $2.3M | $5.6M | 75x |
| Short | SunX XLM-USDT | 0.2154 | 0.0100 | get 0.0100% / 8h | 25m 18s | $2K | $1.7M | 20x |
BloFin XLM-USDT
SunX XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: −0.218% → +0.027%
- −$24.46
- Slippage, 4 orders
- −$122.82
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$192.47
- Costs to cover
- 1.428%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; SunX: live order book, 10 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 3 min ago | 0.69 bp | 10.2 bp −$10 | 13.2 bp −$132 | 26.0 bp −$2,596 | doesn't fit |
| Sell SunX live order book, 10 min ago | 29.54 bp | 76.3 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
XLM on 31 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2027 | −6.097% | $3K | $240K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2153 | −0.265% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0099% | 1h | 0.2154 | −0.230% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2156 | −0.123% | $578K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2154 | −0.223% | $55.6M | $150.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2154 | −0.236% | $43.7M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2154 | −0.195% | $13.0M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2153 | −0.255% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2154 | −0.227% | $25.0M | $26.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2153 | −0.269% | $14.4M | $10.4M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2152 | −0.287% | $25.6M | $19.3M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2153 | −0.250% | — | $7.0M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2154 | −0.204% | $90K | $271K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2156 | −0.109% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2161 | +0.122% | $12K | $299K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2160 | +0.053% | $597K | $613K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2161 | +0.116% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2154 | −0.213% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDTshort | +0.0100% | 8h | 0.2154 | −0.218% | $2K | $1.7M | 20x | |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2154 | −0.204% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2154 | −0.208% | $199K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2155 | −0.144% | $9.0M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2153 | −0.239% | $193K | $1.6M | 10x | as long as short |
| BloFin XLM-USDTlong | +0.0220% | 8h | 0.2159 | long leg | $2.3M | $5.6M | 75x | |
| Phoenix XLM | +0.0222% | 1h | 0.2161 | +0.093% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2153 | −0.252% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0414% | 1h | 0.2155 | −0.187% | $2.6M | $2.6M | 50x | as long as short |
| Hyperliquid XLM | +0.0435% | 1h | 0.2155 | −0.179% | $12.3M | $6.1M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2164 | +0.250% | $233K | $1.5M | 50x | as long as short |
| Lighter XLM | +0.0496% | 1h | 0.2158 | −0.032% | $417K | $809K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0679% | 1h | 0.2156 | −0.134% | $535K | $159K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
Lighter XLM
Deribit XLM_USDC-PERPETUAL